What is the name of your state? Illinois
Does anyone know…if a life estate recipient disclaims his interest, does the remainder interest vest immediately? In the state of Illinois, it seems to be that the disclaimant is treated as though they predeceased the beneficiary, thus implying that the remainder interest would in fact vest. Or does the life estate pass to the residuary?
If anyone has the answer or even knows of a good attorney in Illinois, please let me know. In the past 3 months, I have hired 4 attorneys and NONE of them have done anything. Not a single one has even responded to an email. Each one has told me “yes” and they will help with the disclaimer, but then dropped off the face of the planet after receiving payment, so I am weary at best now. I now have 1 week to get this disclaimer filed.
Does anyone know…if a life estate recipient disclaims his interest, does the remainder interest vest immediately? In the state of Illinois, it seems to be that the disclaimant is treated as though they predeceased the beneficiary, thus implying that the remainder interest would in fact vest. Or does the life estate pass to the residuary?
If anyone has the answer or even knows of a good attorney in Illinois, please let me know. In the past 3 months, I have hired 4 attorneys and NONE of them have done anything. Not a single one has even responded to an email. Each one has told me “yes” and they will help with the disclaimer, but then dropped off the face of the planet after receiving payment, so I am weary at best now. I now have 1 week to get this disclaimer filed.